NEW YORK--(BUSINESS WIRE)--Greylock Capital Management, LLC (“Greylock Capital”) announced today that Realdania, a €2.8 billion Danish foundation, has invested US$75 million in a private account with Greylock Capital that will utilize Greylock Capital’s flagship emerging market strategy. Greylock Capital, an alternative asset manager, focuses on emerging markets in Africa, Asia, Eastern Europe, Latin America and the Middle East.
“We believe Greylock Capital’s non-consensus and idiosyncratic strategy offers us the legitimate diversification in our portfolio that we have been seeking,” said Jesper Walther Sorensen, Investment Manager at Realdania, regarding its investment. In addition, Mr. Sorenson stated, “Greylock Capital’s strategy and platform, which has weathered numerous international and domestic crisis’ with an annualized net return in excess of 16%, has clearly proven sustainable over 15 years.”
Hans Humes, President and Chief Investment Officer for Greylock Capital, said “We are delighted that an organization like Realdania that is doing its part to improve the way we live has chosen to make such an investment in our strategy, especially at this critical time in the world’s capital markets. Greylock Capital expects to have a long relationship with them.”
About Realdania
Realdania is a strategic foundation created with the objective of initiating and supporting projects that improve the built environment. Its mission is to improve the quality of life for the common good through the built environment. Realdania was established in late 2000 following a merger between two large financial institutions. At the end of 2010, Realdania’s net capital amounted to approximately €2.8 billion.
About Greylock Capital
Greylock Capital has managed emerging market portfolios since 1997. Greylock Capital specializes in event-driven, absolute return strategies in emerging markets, investing in deep value, distressed and niche assets worldwide with particular emphasis on Africa, Asia, Eastern Europe, Latin America and the Middle East. Greylock Capital seeks to identify under-analyzed and inefficient markets, and extracts value through strategies built on years of international restructuring experience and on the-ground investment analysis. Greylock Capital does not employ leverage, has low turnover in portfolio assets and offers complete transparency to its investor base, which includes sovereign funds, pension funds, endowments and foundations, funds of funds and high net worth individuals. For more information, please visit www.greylockcapital.com.